Ariana Resources PLC (LON:AAU), an AIM-listed exploration and development company operating in Europe, said it has been granted an extension of up to three months to file its 2020 financial results as Coronavirus (COVID-19) travel restrictions hampered its auditing process.
“Due to delays experienced as a result of continuing restrictions on travel to and within Turkey, our audit process continues, and it is expected that the annual report will now be finalised during early July, with a view to announcing and posting later in July and holding our Annual General Meeting in August.,” said managing director Dr. Kerim Sener.
"Our joint venture operations in Turkey, comprising the Kiziltepe Mine and the Tavsan and Salinbas projects, produced 18,645 ounces of gold to the end of 2020, as reported in January 2021. JV production has continued uninterrupted and the Kiziltepe Mine continues to perform in accordance with the guidance provided in March 2021, from which we are expecting 19,000 ounces of gold to be produced by year end.”
“The JV has recently completed a 10,052m drilling programme at Kiziltepe, and drilling operations are now continuing on Kepez and other nearby prospects. Preparation for new drilling campaigns at Tavsan and Salinbas are also well underway and are expected to commence during the summer,” he added.
The company said it will publish its results as soon as possible and no later than 30 September 2021.
Yesterday, Ariana said drilling results confirmed high grades from the Derya area of the Kiziltepe gold-silver mine in western Turkey.
READ: Ariana Resources says drilling confirms high grades from Derya area of Kiziltepe mine